Logo image of SOVO

SOVOS BRANDS INC (SOVO) Stock Price, Quote, News and Overview

NASDAQ:SOVO - Nasdaq - US84612U1079 - Common Stock - Currency: USD

22.98  +0.03 (+0.13%)

After market: 23 +0.02 (+0.09%)

SOVO Quote, Performance and Key Statistics

SOVOS BRANDS INC

NASDAQ:SOVO (3/11/2024, 8:00:02 PM)

After market: 23 +0.02 (+0.09%)

22.98

+0.03 (+0.13%)

Sector
GICS SectorConsumer Staples
GICS IndustryFood Products
GICS IndustryGroupFood, Beverage & Tobacco
GICS SubIndustryPackaged Foods & Meats
Statistics
52 Week High23
52 Week Low14.75
Market Cap2.33B
Shares101.46M
Float54.04M
Yearly Dividend0
Dividend YieldN/A
PE28.37
Fwd PE23.94
Earnings (Next)05-08 2024-05-08/amc
IPO09-23 2021-09-23


SOVO short term performance overview.The bars show the price performance of SOVO in the last week, last 2 weeks, last month, last 3 and 6 months. 1 week 2 week 1 month 3 months 6 months 1 2 3 4

SOVO long term performance overview.The bars show the price performance of SOVO in the last 1, 2 and 3 years. 1 year 2 years 3 years 20 40 60

The current stock price of SOVO is 22.98 USD. In the past month the price increased by 3.23%. In the past year, price increased by 55.17%.

SOVOS BRANDS INC / SOVO Daily stock chart

SOVO Competitors/Peers

The largest stocks on the US markets in the "Packaged Foods & Meats" sub-industry
Full List
Symbol
Name
TA
FA
PE
Market Cap
MDLZ MONDELEZ INTERNATIONAL INC-A 18.74 83.65B
KHC KRAFT HEINZ CO/THE 10.17 37.64B
HSY HERSHEY CO/THE 18.45 35.08B
GIS GENERAL MILLS INC 13.12 33.63B
K KELLANOVA 21.47 28.52B
TSN TYSON FOODS INC-CL A 17.03 21.53B
MKC.V MCCORMICK & CO INC VTG COM 27.2 21.52B
MKC MCCORMICK & CO-NON VTG SHRS 27.17 21.49B
HRL HORMEL FOODS CORP 18.77 16.28B
PPC PILGRIM'S PRIDE CORP 9.8 12.60B
CAG CONAGRA BRANDS INC 10.19 12.31B
CPB THE CAMPBELL'S COMPANY 13.22 12.10B

About SOVO

Company Profile

SOVO logo image Sovos Brands, Inc. engages in the sale of Italian sauces and dry pasta, soups, yogurts, frozen ready-to-eat meals, pancake and waffle mixes, baking mixes, and frozen waffles. The company is headquartered in Louisville, Colorado and currently employs 690 full-time employees. The company went IPO on 2021-09-23. The firm is focused on acquiring and building brands. Its product offerings include a variety of pasta sauces, dry pasta, soups, frozen entrees, frozen pizza, and yogurts, all of which are sold in North America under the brand names Rao’s, Michael Angelo’s and noosa. Rao’s brand offers a selection of Rao’s Homemade pasta sauces, including tomato-based sauces, Alfredo sauces and Pesto sauces, pizza sauces and dry pastas; Rao’s Homestyle meat-based pasta sauces; and Rao’s Made for Home frozen entrees, frozen pizza and soups. Michael Angelo’s frozen products include a variety of dishes, such as eggplant parmesan, lasagna made with fresh Ricotta cheese, shrimp scampi and other pastas, for a homemade taste. noosa brand offers a suite of delicious yogurt products, including spoonable yogurts and drinkable smoothies. The company sells its products to customers in the United States and principally to retail outlets and wholesale distributors.

Company Info

SOVOS BRANDS INC

168 Centennial Parkway, Suite 200

Louisville COLORADO US

CEO: Todd R. Lachman

Employees: 690

Company Website: https://www.sovosbrands.com/

Phone: 17023161225

SOVOS BRANDS INC / SOVO FAQ

What is the stock price of SOVOS BRANDS INC today?

The current stock price of SOVO is 22.98 USD. The price increased by 0.13% in the last trading session.


What is the ticker symbol for SOVOS BRANDS INC stock?

The exchange symbol of SOVOS BRANDS INC is SOVO and it is listed on the Nasdaq exchange.


On which exchange is SOVO stock listed?

SOVO stock is listed on the Nasdaq exchange.


What is the price forecast or stock price prediction for SOVOS BRANDS INC stock?

15 analysts have analysed SOVO and the average price target is 23.23 USD. This implies a price increase of 1.1% is expected in the next year compared to the current price of 22.98. Check the SOVOS BRANDS INC stock analysts ratings, price target forecast and up-and down grades for more detailed information.


What is SOVOS BRANDS INC worth?

SOVOS BRANDS INC (SOVO) has a market capitalization of 2.33B USD. This makes SOVO a Mid Cap stock.


How many employees does SOVOS BRANDS INC have?

SOVOS BRANDS INC (SOVO) currently has 690 employees.


What are the support and resistance levels for SOVOS BRANDS INC (SOVO) stock?

SOVOS BRANDS INC (SOVO) has a support level at 22.8 and a resistance level at 22.98. Check the full technical report for a detailed analysis of SOVO support and resistance levels.


Is SOVOS BRANDS INC (SOVO) expected to grow?

The Revenue of SOVOS BRANDS INC (SOVO) is expected to grow by 13.03% in the next year. Check the estimates tab for more information on the SOVO EPS, Sales, EBIT and EBITDA future analyst estimates.


Should I buy SOVOS BRANDS INC (SOVO) stock?

There is no straightforward answer here. It depends on your investment strategy as different types of investors will look at different aspects. In any case it is important to make an informed decision and these pages can help you forming an opinion:


Does SOVOS BRANDS INC (SOVO) stock pay dividends?

SOVO does not pay a dividend.


When does SOVOS BRANDS INC (SOVO) report earnings?

SOVOS BRANDS INC (SOVO) will report earnings on 2024-05-08, after the market close.


What is the Price/Earnings (PE) ratio of SOVOS BRANDS INC (SOVO)?

The PE ratio for SOVOS BRANDS INC (SOVO) is 28.37. This is based on the reported non-GAAP earnings per share of 0.81 and the current share price of 22.98 USD. Check the full fundamental report for a full analysis of the valuation metrics for SOVO.


SOVO Technical Analysis

ChartMill assigns a technical rating of 10 / 10 to SOVO. When comparing the yearly performance of all stocks, SOVO is one of the better performing stocks in the market, outperforming 85.94% of all stocks.


Chartmill TA Rating
Chartmill Setup Rating

SOVO Fundamental Analysis

ChartMill assigns a fundamental rating of 5 / 10 to SOVO. SOVO has an average financial health and profitability rating.


Chartmill FA Analysis
Valuation
Growth
Profitability
Health
Dividend

SOVO Financial Highlights

Over the last trailing twelve months SOVO reported a non-GAAP Earnings per Share(EPS) of 0.81. The EPS increased by 35% compared to the year before.


Industry RankSector Rank
PM (TTM) 2.95%
ROA 2.44%
ROE 5.68%
Debt/Equity 0.91
Chartmill High Growth Momentum
EPS Q2Q%36.84%
Sales Q2Q%11.43%
EPS 1Y (TTM)35%
Revenue 1Y (TTM)16.17%

SOVO Ownership and Analysts

ChartMill assigns a Buy % Consensus number of 72% to SOVO. The Buy consensus is the average rating of analysts ratings from 15 analysts.

For the next year, analysts expect an EPS growth of 18.53% and a revenue growth 13.03% for SOVO


Ownership
Inst Owners0.19%
Ins Owners1%
Short Float %N/A
Short RatioN/A
Analysts
Analysts72
Price Target23.23 (1.09%)
EPS Next Y18.53%
Revenue Next Year13.03%